SCOPE OF ARBITRATION LAW IN TODAY'S WORLD

Alternative dispute resolution is one of the fastest growing areas of practice in the legal profession, and Arbitration being one of its kinds, has developed immensely in recent years. Not only is it preferred by the courts to help them reduce the backlog of cases, but it is also a very convenient method of dispute settlement for parties who want to save themselves from going to court and do not want to exhaust their time and money. If you have recently completed your 3 Year LLB Hons Program and look forward to alternate areas of practice Arbitration is one of the most interesting areas of practice. We, at Blackstone School of Law, which is a recognized teaching center by University of London, offer a Postgraduate Diploma in International Dispute Resolution by which you can become a member and a certified arbitrator under the Chartered Institute of Arbitrators (CIArb). The scope of arbitration has richly developed over the years, and the following are the benefits of this growing area of legal profession 

• Settlement  

A settlement made internationally is also enforceable in the domestic courts, which not only saves the parties from any further proceedings but also saves the arbitrator from exhausting his time in appeals. Modern laws domestically and internationally are developed and courts acknowledge and promote resolution of disputes through alternative methods.

• Duration 

Unlike court proceedings, which proceed for years due to unethical tactics by either party, arbitration has a specific time period in which the dispute settlement ought to have been completed.

• International recognition

Once an arbitrator is certified by a recognized institution, he can practice anywhere in the world as Arbitration is more preferred internationally. 

• Convenience 

Not only does it save the arbitrator and the parties from exhausting their time and money on court proceedings, it is also convenient as the arbitration proceedings are carried out in a calm environment where there is room for fair hearing and a decision which benefits both the parties.